What is the State of the Market for Buyers in East Hartford CT?
We buy houses in East Hartford Connecticut and in all over Connecticut and we pride ourselves in what we do. As experts in the East Hartford real estate market, we get asked this question a lot. The answer isn’t as simple as yes or no. We are local Homebuyers In East Hartford CT and we will help you get a great deal in selling your house fast without having to worry about repairs or paying agent fees.
First off, it really depends on the property type and location
Single-family homes in great locations that are priced well have been flying off the shelves. There’s a lot of demand in the market for certain areas, while others can seem like ghost towns.
Buyers are often looking for the same thing in East Hartford
Good neighborhoods, access to transportation, shopping, good schools, close to work, etc. Properties that deliver all these are definitely a hot commodity. Sellers with a highly desirable property are in control of the market.
But for condos and townhouses
Especially those a little off the beaten path, or with some funky features – it can be quite a different story. Prices were down in certain areas of East Hartford Connecticut, but seem to be rebounding as the rental market increases.
Financing is still a major obstacle for buyers in East Hartford CT
Banks are being incredibly strict, requiring lots of money down, and even changing their terms at the last minute. It’s not uncommon for approved buyers to get their loans pulled right before closing escrow, although it’s getting better than it was just a couple of years ago.
Overall the markets remain incredibly polarized – there is a lot of action at the very top and the very bottom, with the biggest challenges in the middle.
Investment properties are in demand in Connecticut
The massive amounts of foreign cash flooding in to invest in US real estate have impacted the Hartford market in unique ways. Overall, those people in a position to pay cash for properties have been picking up good deals in the marketplace.
Lots of sellers are trying out speculative prices just to see if anyone bites, but most investors are walking away from deals that don’t pencil out.
Cash For Houses in East Hartford CT
There’s a lot of shakeup in the US economy still taking place, and the markets are moving fast in lots of directions at once. We’re investing in Connecticut because we believe in the community and the people here. So if you need to sell a property near East Hartford, we can help you. We buy properties like yours from people who need to sell your house in CT fast.